MML Investors Services LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 83,467 shares of the company's stock, valued at approximately $4,428,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $113,000. Claret Asset Management Corp acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $280,000. First Trust Advisors LP acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $5,584,000. Elevatus Welath Management purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth $5,271,000. Finally, Generation Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $1,002,000.
iShares Bitcoin Trust Stock Performance
NASDAQ:IBIT traded up $1.70 on Thursday, hitting $55.21. The stock had a trading volume of 25,463,512 shares, compared to its average volume of 45,374,664. The company has a fifty day moving average price of $48.73 and a two-hundred day moving average price of $50.96. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.
iShares Bitcoin Trust Company Profile
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Free Report)
The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.
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